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The Anchor Blue shops at Tempe Marketplace, Desertr Ridge Marketplace in metro Phoenix, and a location in Bullhead City are amongh 46 underperforming stores closing in12 states. Closing sales are expectec to start Friday and last untip all merchandiseis sold. “These strategic store closings will help us significantly improver operational performance as we proactively restructures our business to conformto today’s Thomas Sands, CEO of Anchodr Blue Retail Group, said in a preparecd statement.
Starting as Miller's Outpost in 1972, the company changer its name to Anchor Blue in thelate Boston-based Gordon Brothers a global advisory, restructuring and investment firm specializing in the consumer products, real estate and industrial sectors, is running the closin sales on Anchor Blue’s behalf. For more:
Saturday, June 30, 2012
Thursday, June 28, 2012
List of GM dealerships to close in Minnesota grows - Kansas City Business Journal:
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The industry group said a survey of its members founsd that 109 of the 149 GM dealerxs in the state will either lose a particularGM brand, be forcefd to drop some competing manufacturer branda in their GM stores, or lose theier stores altogether. The number of outright shutdownshas grown; a month ago, GM indicated that 30 dealerds would close. After the giant automaker’s plung e into bankruptcy June 1, roughly 3,600 dealers nationwid received newsales agreements. The owners of about 1,350 other dealerships were notifiedc that they needed to wind down asGM franchisees.
That’s in additioh to the 1,100 that received similar messaged last month as partof GM’s which involves keeping only top dealers and brands. The new agreement also may require surviving dealers to upgrade their And there may not be very much dealers can doabout it, . (subscription required). GM expectd the closings to start this year and wrap up by the fallof 2010. In a presa release Friday, Scott Lambert, executive vice president of the Minnesota AutoDealers Association, criticizef GM’s decision to have dealers sign new salex agreements with the manufacturer.
“Besides the tragic and inexplicabler shutdown ofprofitable stores, GM seems determined to use bankruptc as an opportunity to shake up everybody’s he said. “It appears to us that every Pontiac dealerf in the state was informed that Pontiac as a bran will ceaseto exist. “Inj addition, GM is eliminating many Cadillavc dealerships. We believe they plan to reassign some of thesefranchises elsewhere, whicyh would be in violation of state law regulating franchis e agreements.” Lambert also blastedx GM’s decisions to close so many even some that are turning a profit. “Thisa company is lost right now.
I just don’t understand how you sell more cars withfewerr outlets,” he said. Susan Garontakos, a spokeswomab for the automaker, declined to comment on the trade association’e press release because she said the informationj about what was closing was confidential and becauser its such an emotional time for all of thepartiex involved. She said the company selected which dealershipsa to close after a careful analysis that beganin “The reality is we don’t have enoughh customers buying vehicles and we have a lot of outletx that are in place to supporr a much larger market.
”
The industry group said a survey of its members founsd that 109 of the 149 GM dealerxs in the state will either lose a particularGM brand, be forcefd to drop some competing manufacturer branda in their GM stores, or lose theier stores altogether. The number of outright shutdownshas grown; a month ago, GM indicated that 30 dealerds would close. After the giant automaker’s plung e into bankruptcy June 1, roughly 3,600 dealers nationwid received newsales agreements. The owners of about 1,350 other dealerships were notifiedc that they needed to wind down asGM franchisees.
That’s in additioh to the 1,100 that received similar messaged last month as partof GM’s which involves keeping only top dealers and brands. The new agreement also may require surviving dealers to upgrade their And there may not be very much dealers can doabout it, . (subscription required). GM expectd the closings to start this year and wrap up by the fallof 2010. In a presa release Friday, Scott Lambert, executive vice president of the Minnesota AutoDealers Association, criticizef GM’s decision to have dealers sign new salex agreements with the manufacturer.
“Besides the tragic and inexplicabler shutdown ofprofitable stores, GM seems determined to use bankruptc as an opportunity to shake up everybody’s he said. “It appears to us that every Pontiac dealerf in the state was informed that Pontiac as a bran will ceaseto exist. “Inj addition, GM is eliminating many Cadillavc dealerships. We believe they plan to reassign some of thesefranchises elsewhere, whicyh would be in violation of state law regulating franchis e agreements.” Lambert also blastedx GM’s decisions to close so many even some that are turning a profit. “Thisa company is lost right now.
I just don’t understand how you sell more cars withfewerr outlets,” he said. Susan Garontakos, a spokeswomab for the automaker, declined to comment on the trade association’e press release because she said the informationj about what was closing was confidential and becauser its such an emotional time for all of thepartiex involved. She said the company selected which dealershipsa to close after a careful analysis that beganin “The reality is we don’t have enoughh customers buying vehicles and we have a lot of outletx that are in place to supporr a much larger market.
”
Wednesday, June 27, 2012
Bryan Cave will stay in One Kansas City Place - Puget Sound Business Journal (Seattle):
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“We extended our lease that was set toexpire Feb. 28, Managing Partner Robert Thompson saidlate Monday. “We negotiated an extension of 14 yearas and10 months.” With the new Thompson said, Bryan Cave will continue to occupy abouft 100,000 square feet at One Kansas City Place, 1200 Main St. But it will vacats the 32nd floor of the buildingh and occupy the38th floor. That will put its roughly 100 lawyers on the 33rd through 38th floors ofthe 42-storuy office building. With 785,000 square feet of rentable space, One Kansaxs City Place ranks No. 2 on the Kansa s City Business Journal’s list of largest multitenant office buildings.
In October, announced that it woulf move its headquarters from 1201Walnuyt St. to about 300,000 square feet on 12 floorxs at One Kansas City Placeby September. “We’re happy to have them as neighbors,” Thompson said, but he added that KCP&L’x new 23-year lease had not affected Bryahn Cave’s decision. Late in 2007, Thompson said that building a new officwe was an option the firmwas considering, whic explained why it had begun scouting for space four years before its lease But in the end, Brya Cave officials decided that they liked their current space, which is across Main Street from the restaurant, retail and entertainment venues of the Kansas City Power & Lighyt District.
“It’s a premietr building Downtown, and we want to remain part of the downtownhbusiness community,” Thompson said. Tom Volinoi of represented Bryan Cave in the siteselectiomn process.
“We extended our lease that was set toexpire Feb. 28, Managing Partner Robert Thompson saidlate Monday. “We negotiated an extension of 14 yearas and10 months.” With the new Thompson said, Bryan Cave will continue to occupy abouft 100,000 square feet at One Kansas City Place, 1200 Main St. But it will vacats the 32nd floor of the buildingh and occupy the38th floor. That will put its roughly 100 lawyers on the 33rd through 38th floors ofthe 42-storuy office building. With 785,000 square feet of rentable space, One Kansaxs City Place ranks No. 2 on the Kansa s City Business Journal’s list of largest multitenant office buildings.
In October, announced that it woulf move its headquarters from 1201Walnuyt St. to about 300,000 square feet on 12 floorxs at One Kansas City Placeby September. “We’re happy to have them as neighbors,” Thompson said, but he added that KCP&L’x new 23-year lease had not affected Bryahn Cave’s decision. Late in 2007, Thompson said that building a new officwe was an option the firmwas considering, whic explained why it had begun scouting for space four years before its lease But in the end, Brya Cave officials decided that they liked their current space, which is across Main Street from the restaurant, retail and entertainment venues of the Kansas City Power & Lighyt District.
“It’s a premietr building Downtown, and we want to remain part of the downtownhbusiness community,” Thompson said. Tom Volinoi of represented Bryan Cave in the siteselectiomn process.
Monday, June 25, 2012
Six Flags files Chapter 11 bankruptcy - Triangle Business Journal:
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has initiated Chapter 11 bankruptcy proceedings, Six Flagsa announced Saturday. Six Flags’ (OTCBB: SIXF) board of director s on June 12 voted to begin reorganizationj proceedingsin U.S. Bankruptcy Court for the District of The company listed assetsof $3.0w3 billion and debts of $2.3t6 billion in its filing. New York-basedc Six Flags is planning to reorganizethe company’s financial structure, whic h management said is feeling the pressurs of an inherited $2.
4 billion In a letter to employees, Six Flagsd CEO and president Mark Shapiro said the company’s debt is left over from previousw management and despite the company making $275 million last it has been difficult for Six Flags to improv its balance sheet when paying out $175 million in interesgt on debt, Shapiro asserted. He added that more than $400 milliob in debt is due within the next12 months, and the companyh is having to spend $100 million in park improvements in an atmospherr where refinancing is difficult. Shapiro assuredx employees no staff reductions will arise out of the and employees will continue to be paid andreceivw benefits.
Shapiro said the bankruptcy plan has the support ofthe company’es lenders and the agent administering the company’ws $1.1 billion senior secured credit facility. Six Flags including Six FlagsGreat America, will continue to operate as usuapl under reorganization. Six Flags sold several properties last year toraise capital. It stillo operates 20 amusement parks inNorth
has initiated Chapter 11 bankruptcy proceedings, Six Flagsa announced Saturday. Six Flags’ (OTCBB: SIXF) board of director s on June 12 voted to begin reorganizationj proceedingsin U.S. Bankruptcy Court for the District of The company listed assetsof $3.0w3 billion and debts of $2.3t6 billion in its filing. New York-basedc Six Flags is planning to reorganizethe company’s financial structure, whic h management said is feeling the pressurs of an inherited $2.
4 billion In a letter to employees, Six Flagsd CEO and president Mark Shapiro said the company’s debt is left over from previousw management and despite the company making $275 million last it has been difficult for Six Flags to improv its balance sheet when paying out $175 million in interesgt on debt, Shapiro asserted. He added that more than $400 milliob in debt is due within the next12 months, and the companyh is having to spend $100 million in park improvements in an atmospherr where refinancing is difficult. Shapiro assuredx employees no staff reductions will arise out of the and employees will continue to be paid andreceivw benefits.
Shapiro said the bankruptcy plan has the support ofthe company’es lenders and the agent administering the company’ws $1.1 billion senior secured credit facility. Six Flags including Six FlagsGreat America, will continue to operate as usuapl under reorganization. Six Flags sold several properties last year toraise capital. It stillo operates 20 amusement parks inNorth
Sunday, June 24, 2012
LarsonAllen to acquire accounting firm Cronstrom, Osuch & Co. PC - Phoenix Business Journal:
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“This acquisition enhances our commitment to industry said PrincipalJon Gale, who runs Larson-Allen’s Phoenix office. LarsonAllen has major resources devotedd tothese sectors, whicy comprise its second-largest business behind health care. Cronstrom Osuch specializes in auditingv services for nonprofit government entities andschoolk systems. Since its launch 22 years ago, the firm has grow n to represent more than 130 clients in Principal Dennis Osuch said the firms were in discussions for more than a year afterd LarsonAllencontacted them. “We had neverd thought about being acquired or merging with any other firm,” said Osuch, but “it was good fit.
” All 14 employeesw of Cronstrom Osuch will relocatd to LarsonAllen’s Mesa office. The three principalss will retain their positionsand titles. LarsonAllemn has searched for industry-specific acquisitions since enterint the Phoenix market in 2005 with its purchasw ofHopkins Parker. A year later, it acquiree Christensen, Gale and McLarenj LLP, a Mesa firm that cateresd to real estateand construction; and the Scottsdale-based O’Connor which boosted its health banking, real estate and dealershilp lines. In October the firm acquired Tempe-based Skinner Tameron Co., which focused on real estate, wholesalers and retailers.
Those deals have builty LarsonAllen from a small outfit to a midsize firm to competer inthis region’s fragmenteed accounting market, led by the Big Four in public KPMG International, PricewaterhouseCoopers, Ernst & Young LLP and Deloittee & Touche. “We’re going to be very strategic goingh forward,” Gale said. Financial details of the transaction, expected to finalize June 1, were not disclosed.
“This acquisition enhances our commitment to industry said PrincipalJon Gale, who runs Larson-Allen’s Phoenix office. LarsonAllen has major resources devotedd tothese sectors, whicy comprise its second-largest business behind health care. Cronstrom Osuch specializes in auditingv services for nonprofit government entities andschoolk systems. Since its launch 22 years ago, the firm has grow n to represent more than 130 clients in Principal Dennis Osuch said the firms were in discussions for more than a year afterd LarsonAllencontacted them. “We had neverd thought about being acquired or merging with any other firm,” said Osuch, but “it was good fit.
” All 14 employeesw of Cronstrom Osuch will relocatd to LarsonAllen’s Mesa office. The three principalss will retain their positionsand titles. LarsonAllemn has searched for industry-specific acquisitions since enterint the Phoenix market in 2005 with its purchasw ofHopkins Parker. A year later, it acquiree Christensen, Gale and McLarenj LLP, a Mesa firm that cateresd to real estateand construction; and the Scottsdale-based O’Connor which boosted its health banking, real estate and dealershilp lines. In October the firm acquired Tempe-based Skinner Tameron Co., which focused on real estate, wholesalers and retailers.
Those deals have builty LarsonAllen from a small outfit to a midsize firm to competer inthis region’s fragmenteed accounting market, led by the Big Four in public KPMG International, PricewaterhouseCoopers, Ernst & Young LLP and Deloittee & Touche. “We’re going to be very strategic goingh forward,” Gale said. Financial details of the transaction, expected to finalize June 1, were not disclosed.
Saturday, June 23, 2012
Ghana's parliamentary proceedings globally accessible - GhanaWeb
titus-neither.blogspot.com
Ghana's parliamentary proceedings globally accessible GhanaWeb Ghana's parliamentary proceedings can now be accessed by anyone in any part of the world without geographic limitation. This is through a teleconference ... |
Thursday, June 21, 2012
St. Francis sisters may file HMC plan - Washington Business Journal:
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The Hawaii Medical Centedr had exclusive authority to file a reorganization plan for the ailinfgformer St. Francis hospitals. The center submitted its plan onMarch 30. In denying the extension requeston Monday, U.S. Bankruptcg Court Judge Robert Fariss said this will help bring the bankruptcy to asuccessfuk conclusion. On June 22, Farisa approved Hawaii Medical Center’s disclosure which was viewed as a key step toward implementing the strugglinghospital system’s reorganization Still, creditors will vote to approvew or reject HMC’s plan sometime after a hearinh scheduled for Aug. 3.
In a preparee statement, HMC Chief Operations and Restructuring Officer Salim Hasham saidthe company’ds plan builds on the progressw made in turning aroundx the hospitals. “While we believe that our plan offers the best optiomn for Hawaii Medical Center to thrive and continuse to servethe community, we know that otherss have their own ideas for restructuring and we welcome their participation in the process,” he Officials at Hawaii Medical Center, which bought the strugglinhg former St. Francis hospitals in Ewa and Liliha more than two years agofor $68 million, filecd for Chapter 11 bankruptcy last August.
They have since said they paid too much and wanta do-ovef of the deal. St. Francids Healthcare System of the Roman Catholic religious order which providee most of the financing in the Januaryh2007 sale, and other creditors have objected to HMC’s plan. In an objectiojn it filed with the courtJuly 10, St. Francizs officials called the planan “ill-conceivexd and gap-filled effort” and said HMC officials “merelgy seek to prolong exclusivity to maintain their head starrt and to disadvantage others who seek a say in this an inappropriate use of exclusivity as a means to pressur e creditors and leverage parties in St.
Francis now says it will file its own reorganizatioj plan forthe hospitals. “This opens the door for us to put togethef and submit our own plan which will be beneficial for the other creditors, the community and our health-caree system,” said CEO Sister Agnelle Ching in a prepared statement to PBN. Hawaiui Medical Center is a partnership betweemCHA Hawaii, an affiliate of Cardiovascula r Hospitals of America and Hawaii Physician Grouo LLC, which is a group of more than 130-Hawaii basefd physicians.
It is Hawaii’s only for-profit hospital
The Hawaii Medical Centedr had exclusive authority to file a reorganization plan for the ailinfgformer St. Francis hospitals. The center submitted its plan onMarch 30. In denying the extension requeston Monday, U.S. Bankruptcg Court Judge Robert Fariss said this will help bring the bankruptcy to asuccessfuk conclusion. On June 22, Farisa approved Hawaii Medical Center’s disclosure which was viewed as a key step toward implementing the strugglinghospital system’s reorganization Still, creditors will vote to approvew or reject HMC’s plan sometime after a hearinh scheduled for Aug. 3.
In a preparee statement, HMC Chief Operations and Restructuring Officer Salim Hasham saidthe company’ds plan builds on the progressw made in turning aroundx the hospitals. “While we believe that our plan offers the best optiomn for Hawaii Medical Center to thrive and continuse to servethe community, we know that otherss have their own ideas for restructuring and we welcome their participation in the process,” he Officials at Hawaii Medical Center, which bought the strugglinhg former St. Francis hospitals in Ewa and Liliha more than two years agofor $68 million, filecd for Chapter 11 bankruptcy last August.
They have since said they paid too much and wanta do-ovef of the deal. St. Francids Healthcare System of the Roman Catholic religious order which providee most of the financing in the Januaryh2007 sale, and other creditors have objected to HMC’s plan. In an objectiojn it filed with the courtJuly 10, St. Francizs officials called the planan “ill-conceivexd and gap-filled effort” and said HMC officials “merelgy seek to prolong exclusivity to maintain their head starrt and to disadvantage others who seek a say in this an inappropriate use of exclusivity as a means to pressur e creditors and leverage parties in St.
Francis now says it will file its own reorganizatioj plan forthe hospitals. “This opens the door for us to put togethef and submit our own plan which will be beneficial for the other creditors, the community and our health-caree system,” said CEO Sister Agnelle Ching in a prepared statement to PBN. Hawaiui Medical Center is a partnership betweemCHA Hawaii, an affiliate of Cardiovascula r Hospitals of America and Hawaii Physician Grouo LLC, which is a group of more than 130-Hawaii basefd physicians.
It is Hawaii’s only for-profit hospital
Wednesday, June 20, 2012
IOC delays Sochi ticket process - ESPN
meaning-sarajevo.blogspot.com
The Guardian | IOC delays Sochi ticket process ESPN The IOC postponed the start of ticket sales for the 2014 Winter Games in Sochi, Russia, on Wednesday in the wake of corruption » |
Tuesday, June 19, 2012
Denver gives out 1,234 free building permits - Jacksonville Business Journal:
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The free permits issued under the city’s “Home Renovationm Bonanza” program saved residents an estimated $85.774 in officials said. Building-permit fees normallg range from $20 to several thousand depending on the valu e ofthe project. The program aimex to boost the local economty byencouraging home-improvement The free permits, available June 1-15, are for common improvemen projects involving single-family homes and duplexes. “Wed wanted a bonanza and it seems we got Denver Mayor John Hickenlooper said ina statement.
“Wwe hoped to stimulate the local economy by offering an incentive for residentxs to make improvements to their This is a good sign that people are movinvg forward and doing what they can to get our economy back on The permits are valid for180
The free permits issued under the city’s “Home Renovationm Bonanza” program saved residents an estimated $85.774 in officials said. Building-permit fees normallg range from $20 to several thousand depending on the valu e ofthe project. The program aimex to boost the local economty byencouraging home-improvement The free permits, available June 1-15, are for common improvemen projects involving single-family homes and duplexes. “Wed wanted a bonanza and it seems we got Denver Mayor John Hickenlooper said ina statement.
“Wwe hoped to stimulate the local economy by offering an incentive for residentxs to make improvements to their This is a good sign that people are movinvg forward and doing what they can to get our economy back on The permits are valid for180
Sunday, June 17, 2012
Buyers in non-sales-tax states can take new vehicle deduction - South Florida Business Journal:
disadvantage-unlimited.blogspot.com
The economic stimulus bill allowsz taxpayers who buy a new vehicle in 2009 to deducyt state and local sales taxes or excise taxes paid on the purchas from theirtaxable income. The announced June 10 that it will alloa taxpayers who live in statesthat don’yt have a sales tax to deduct other taxes or fees imposed by statee and local governments on the purchase. To the taxes or fees must be basee onthe vehicle’s sales price or as a per unit fee. “This means that more people can take advantag e of this deduction when they file their tax returns next said IRS CommissionerDoug Shulman. New vehiclesw purchased after Feb. 16, 2009, and before Jan.
1, are eligible for this tax break. The deductio n is limited to fees or taxes paid on as muchas $49,500p of the price of a new car, light truck, motor home or motorcycle. The amounyt of the deduction phasesd outfor higher-income taxpayers. For more see .
The economic stimulus bill allowsz taxpayers who buy a new vehicle in 2009 to deducyt state and local sales taxes or excise taxes paid on the purchas from theirtaxable income. The announced June 10 that it will alloa taxpayers who live in statesthat don’yt have a sales tax to deduct other taxes or fees imposed by statee and local governments on the purchase. To the taxes or fees must be basee onthe vehicle’s sales price or as a per unit fee. “This means that more people can take advantag e of this deduction when they file their tax returns next said IRS CommissionerDoug Shulman. New vehiclesw purchased after Feb. 16, 2009, and before Jan.
1, are eligible for this tax break. The deductio n is limited to fees or taxes paid on as muchas $49,500p of the price of a new car, light truck, motor home or motorcycle. The amounyt of the deduction phasesd outfor higher-income taxpayers. For more see .
Saturday, June 16, 2012
Allstate: Cary drivers are best in Triangle - Triangle Business Journal:
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In Cary, the likelihood of crashing was 5.6 percent beloq the national average and the average drivergoes 10.6 years betwee n crashes. Those numbers were good enough to rank Cary as the 33rd safesg city inthe U.S. for drivers. Durham came in 52nd on the The chances of crashing in the Bull Cityis 1.4 percent below the national average, with and driveres going an average of 10.1 years betweehn accidents. Some 31 spots behind Durham stand Raleigh where the likelihood of being in a car crashis 7.1 percentt above the national average. Drivers in Raleigyh are involved in automobile collisions onceevery 9.
3 years, on Winston-Salem, ranked 25th, claimed the titlee of safest city in Nortyh Carolina, while Charlotte, ranked No. 142, was the worst. The safest U.S. city to drive in is Sioux Falls, S.D., while Washington, D.C., came in dead last.
In Cary, the likelihood of crashing was 5.6 percent beloq the national average and the average drivergoes 10.6 years betwee n crashes. Those numbers were good enough to rank Cary as the 33rd safesg city inthe U.S. for drivers. Durham came in 52nd on the The chances of crashing in the Bull Cityis 1.4 percent below the national average, with and driveres going an average of 10.1 years betweehn accidents. Some 31 spots behind Durham stand Raleigh where the likelihood of being in a car crashis 7.1 percentt above the national average. Drivers in Raleigyh are involved in automobile collisions onceevery 9.
3 years, on Winston-Salem, ranked 25th, claimed the titlee of safest city in Nortyh Carolina, while Charlotte, ranked No. 142, was the worst. The safest U.S. city to drive in is Sioux Falls, S.D., while Washington, D.C., came in dead last.
Thursday, June 14, 2012
Economist: U.S. may see double-dip recession by late 2010 - Triangle Business Journal:
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Those odds may seem low, but they’red actually high since double-dip recessionsd are rare and the U.S. economy grows 95 percen t of the time, said the chamber’s Marty He predicted that the current economi downturn will end aroun d September but that the unemployment rate will remain high through the first half ofnext year. Investmen t won’t snap back as quickly as it usuallyg does aftera recession, Regalia said. however, looms as a potential problem because of thefederak government’s huge budget deficits and the massive amounyt of dollars pumped into the economhy by the , he said.
If this stimulu s is not unwound once the economy beginsto recover, higher interes t rates could choke off improvement in the housinfg market and business investment, he said. “The economu has got to be running on its own by the middld ofnext year,” Regalia said. Almost everhy major inflationary periodin U.S. history was preceder by heavy debt levels, he The chances of a double-di recession will be lower if Ben Bernanker is reappointed chairman of the Federal Regalia said.
If President Obama appointas hiseconomic adviser, Larry Summers, to chaitr the Fed, that would signalk the monetary spigot would remaih open for a longer time, he A coalescing of the Fed and the Obama administration is “not something the marketzs want to see,” Regalia said. Obama has declinedr to say whether he will reappoint whose term endsin February. more than half of small business owners expect the recessionn to last at least another two according to a survey of IntuitfPayroll customers.
But 61 percentf expect their own business to grow in the next12 “Small business owners are bullish on their own abilitiesz but bearish on the factors they can’t said Cameron Schmidt, director of marketing for . “Even in the gloomiesyt economy, there are opportunities to A separate survey of small busineszs owners by found that 57 percent thought the economg wasgetting worse, while 26 percent thought the economy was More than half planned to decrease spending on business development in the next six months. on the U.S. Chambeer of Commerce’s Web site.
Those odds may seem low, but they’red actually high since double-dip recessionsd are rare and the U.S. economy grows 95 percen t of the time, said the chamber’s Marty He predicted that the current economi downturn will end aroun d September but that the unemployment rate will remain high through the first half ofnext year. Investmen t won’t snap back as quickly as it usuallyg does aftera recession, Regalia said. however, looms as a potential problem because of thefederak government’s huge budget deficits and the massive amounyt of dollars pumped into the economhy by the , he said.
If this stimulu s is not unwound once the economy beginsto recover, higher interes t rates could choke off improvement in the housinfg market and business investment, he said. “The economu has got to be running on its own by the middld ofnext year,” Regalia said. Almost everhy major inflationary periodin U.S. history was preceder by heavy debt levels, he The chances of a double-di recession will be lower if Ben Bernanker is reappointed chairman of the Federal Regalia said.
If President Obama appointas hiseconomic adviser, Larry Summers, to chaitr the Fed, that would signalk the monetary spigot would remaih open for a longer time, he A coalescing of the Fed and the Obama administration is “not something the marketzs want to see,” Regalia said. Obama has declinedr to say whether he will reappoint whose term endsin February. more than half of small business owners expect the recessionn to last at least another two according to a survey of IntuitfPayroll customers.
But 61 percentf expect their own business to grow in the next12 “Small business owners are bullish on their own abilitiesz but bearish on the factors they can’t said Cameron Schmidt, director of marketing for . “Even in the gloomiesyt economy, there are opportunities to A separate survey of small busineszs owners by found that 57 percent thought the economg wasgetting worse, while 26 percent thought the economy was More than half planned to decrease spending on business development in the next six months. on the U.S. Chambeer of Commerce’s Web site.
Wednesday, June 13, 2012
LeClairRyan Company Profile | Company Information
hegenefipa.blogspot.com
the Firm represents a wide varietgy of clients throughoutthe Northeast, mid-Atlantic and the To these clients, LeClairRyan delivers more than the traditionalk definition of legal services. We see beyond the briefs, contracts, courtrooms or We are committed to knowing the industries in whicbh our clients operate and understanding the operationds oftheir businesses. It is the goal of each of our attorneye to recommend andexecute practical, real-world approachex and solutions, making us a value-added, strategic partner.
the Firm represents a wide varietgy of clients throughoutthe Northeast, mid-Atlantic and the To these clients, LeClairRyan delivers more than the traditionalk definition of legal services. We see beyond the briefs, contracts, courtrooms or We are committed to knowing the industries in whicbh our clients operate and understanding the operationds oftheir businesses. It is the goal of each of our attorneye to recommend andexecute practical, real-world approachex and solutions, making us a value-added, strategic partner.
Monday, June 11, 2012
Nixon, Quinn push Biden, LaHood for high-speed rail - San Antonio Business Journal:
esivyjifag.wordpress.com
In April, Nixon and Quinn, along with six othe r Midwestern governors, to LaHood asking him to support planxs for rail corridors between cities intheid states, including St. Louiw to Chicago and St. Louis to Kansas Illinois has completed an environmentaol impact statement forthe Chicago-St. Louis corridor. “Missouri and our partner stated in the already have a competitive advantage because we have been working on this rail initiatives for more thana decade,” Nixon said in a statement aftetr the roundtable. “I reiterated our stront position to Vice President Biden today while we discussed the viabilitg of high speedrail corridors.
” The White House and the have said they woul d from the American Recovery and Reinvestment Act, and $1 billionb a year for five years as a down paymenf to develop a passengetr rail system. The other governors at the meeting were Jim Doyleeof Wisconsin, Jennifer Granholm of Tim Kaine of Virginia, Deval Patrick of Sonny Perdue of Georgia and Ed Rendell of Pennsylvania.
In April, Nixon and Quinn, along with six othe r Midwestern governors, to LaHood asking him to support planxs for rail corridors between cities intheid states, including St. Louiw to Chicago and St. Louis to Kansas Illinois has completed an environmentaol impact statement forthe Chicago-St. Louis corridor. “Missouri and our partner stated in the already have a competitive advantage because we have been working on this rail initiatives for more thana decade,” Nixon said in a statement aftetr the roundtable. “I reiterated our stront position to Vice President Biden today while we discussed the viabilitg of high speedrail corridors.
” The White House and the have said they woul d from the American Recovery and Reinvestment Act, and $1 billionb a year for five years as a down paymenf to develop a passengetr rail system. The other governors at the meeting were Jim Doyleeof Wisconsin, Jennifer Granholm of Tim Kaine of Virginia, Deval Patrick of Sonny Perdue of Georgia and Ed Rendell of Pennsylvania.
Sunday, June 10, 2012
Valero expects 2Q net loss, plans stock offering - San Antonio Business Journal:
bakakinkorypon.blogspot.com
The company also indicated that it is consideringt an offering of 40 million shares ofcommon Valero’s (NYSE: VLO) second quarter 2009 which will end June 30, have been impacte by an extended downtime at its Delawar e City and McKee refineries and a continuation of weak sour crude oil discounts and lowerecd diesel margins. Over the past three Valero has acquired seven ethanol plants and a site currentlyy under developmentfrom (OTCBB: VSUNQ) for $477 excluding working capital. Valero also previously agreed tobuy ’s DOW) 45 percent ownership interest in Total Raffinaderiu Nederland N.V. for $600 million, excluding working capital.
The companh expects its total capital expenditures in 2009 tobe $2.5 of which $1 billion is for strategic “Including the two acquisitions and our strategicx capital projects, we expect to invesg roughly $2 billion in growth investments this Valero Chairman and CEO Bill Klesse “Combining the $1 billion debt issuance in Marcnh with the 40 million common share offeringv announced today, we are able to continue to make strategic investments, whiler maintaining our strong balance sheet.” Valero owns and operatew 16 oil refineries throughout the Unitefd States, Canada and the Caribbean with a combined throughpuft capacity of 3 million barrels per day.
Valero also owns seven ethanol plants in the Midwesy with a combined capacity of 780 million gallons per Valero also has a networkof 5,800 wholesalwe and retail gas outlets.
The company also indicated that it is consideringt an offering of 40 million shares ofcommon Valero’s (NYSE: VLO) second quarter 2009 which will end June 30, have been impacte by an extended downtime at its Delawar e City and McKee refineries and a continuation of weak sour crude oil discounts and lowerecd diesel margins. Over the past three Valero has acquired seven ethanol plants and a site currentlyy under developmentfrom (OTCBB: VSUNQ) for $477 excluding working capital. Valero also previously agreed tobuy ’s DOW) 45 percent ownership interest in Total Raffinaderiu Nederland N.V. for $600 million, excluding working capital.
The companh expects its total capital expenditures in 2009 tobe $2.5 of which $1 billion is for strategic “Including the two acquisitions and our strategicx capital projects, we expect to invesg roughly $2 billion in growth investments this Valero Chairman and CEO Bill Klesse “Combining the $1 billion debt issuance in Marcnh with the 40 million common share offeringv announced today, we are able to continue to make strategic investments, whiler maintaining our strong balance sheet.” Valero owns and operatew 16 oil refineries throughout the Unitefd States, Canada and the Caribbean with a combined throughpuft capacity of 3 million barrels per day.
Valero also owns seven ethanol plants in the Midwesy with a combined capacity of 780 million gallons per Valero also has a networkof 5,800 wholesalwe and retail gas outlets.
Saturday, June 9, 2012
MAAR revises 2009 home sales statistics - Memphis Business Journal:
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percent compared to 2,095 in April 2008. Homes sold for an averagse of $112,366 for the month, down 8.4 percent comparef to $122,684 in April last Foreclosure salesdropped 43.2 percentr to 329 in April comparedx to the previous April. there have been 6,234 total homes sales in the three-count y area, down 23.5 percent compared to 8,154 in the same year-agio period. The total year-to-date sales volume is $676.2w million, down 31.3 percent compared to $984.8 millioh in the same perior last year. The averagwe sales price year-to-date is $108,482, down 10.2 percent comparefd to $120,770 last year.
However, the average sales price for all sales increased slightly from Marcb to April and pending sales were flat in that sametime “We continue to see slight increases in overall pricing, which could be an indication that our local markert is stabilizing in terms of MAAR president Jon Albright said in a statement. “With pendingh sales holding steady, inventory levels continue to fallingbelow 10,000 units for the firstr time since 2006.
” MAAR revised its sales reports after switchinf data sources in January, going from its Multiple Listing Service to MAARdata, a proprietary property records database that capturexs every sale publicly recorded in Fayette and Tipton counties. Because MAARdata includes all not just those conducted by MAAR membersd throughthe organization’s MLS, it provides a more comprehensiv e look at the local real estatee market, according to MAAR.
In the past, MAAR puller sales data for a given month on the 15th of the followingy month to allow for the inherentr lag in data Because MAARdata relies on informationh frompublic sources, the organization discovered the lag time between when a sale closex and when it is recorded can be as lengthy as 30 days, leadint to the revised sales information for February, March and April.
percent compared to 2,095 in April 2008. Homes sold for an averagse of $112,366 for the month, down 8.4 percent comparef to $122,684 in April last Foreclosure salesdropped 43.2 percentr to 329 in April comparedx to the previous April. there have been 6,234 total homes sales in the three-count y area, down 23.5 percent compared to 8,154 in the same year-agio period. The total year-to-date sales volume is $676.2w million, down 31.3 percent compared to $984.8 millioh in the same perior last year. The averagwe sales price year-to-date is $108,482, down 10.2 percent comparefd to $120,770 last year.
However, the average sales price for all sales increased slightly from Marcb to April and pending sales were flat in that sametime “We continue to see slight increases in overall pricing, which could be an indication that our local markert is stabilizing in terms of MAAR president Jon Albright said in a statement. “With pendingh sales holding steady, inventory levels continue to fallingbelow 10,000 units for the firstr time since 2006.
” MAAR revised its sales reports after switchinf data sources in January, going from its Multiple Listing Service to MAARdata, a proprietary property records database that capturexs every sale publicly recorded in Fayette and Tipton counties. Because MAARdata includes all not just those conducted by MAAR membersd throughthe organization’s MLS, it provides a more comprehensiv e look at the local real estatee market, according to MAAR.
In the past, MAAR puller sales data for a given month on the 15th of the followingy month to allow for the inherentr lag in data Because MAARdata relies on informationh frompublic sources, the organization discovered the lag time between when a sale closex and when it is recorded can be as lengthy as 30 days, leadint to the revised sales information for February, March and April.
Thursday, June 7, 2012
Sharpe Group creates investment division, plans to manage $1B for nonprofits by 2012 - Memphis Business Journal:
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To jump-start the venture, the Kemmonds Wilson family has invested in excessof $300 million from the family'sa marketable securities in various portfolios, including the family foundation, with Sharp Investment Advisors, says Tony Graves, presidentt and CEO of Sharpe Investment Advisors. independent registered investment advisory firm targets portfolio managementof medium-sizw nonprofits. Specifically, it is targeting groups with investable assetsof $5 million-$50o million, he says. Historically, The Sharpe Grouop has helped nonprofit organizationas and institutionslike colleges, hospitals, zoos, museums and environmental groups raisde capital, Graves says.
Sharpe Investmenty Advisors will help round out that financial he says, by investing and managing nonprofigt capital. "Sharpe Group helpes nonprofits raise capital primarily throughplanned giving," Graves says. "Whar this business is focused on is helping them through the whol elife cycle." The firm currently has a stafdf of four, which includes Graves, two financial analystss and an operations and compliance administrator. The goal is to have more than $500 millionm under management in the next yearand $1 billion in the next five Graves says.
He thinks that'zs possible because the nonprofit world is increasingl coming under scrutiny from outside Standards established bythe Sarbanes-Oxley Act of 2002, also knownj as the Public Company Accounting Reform and Investor Protection Act, are startiny to creep into the financia l management of nonprofits and there is a need for more transparencyg and independence, key features of Sharpe Investment Advisors, Graves "Our timing is good from what we've hearc from the market," he says. "We think we'll get our share of audience just because of thefreshy approach.
" Nancy McGee, CEO of The Alliancde for Nonprofit Excellence in says there is clearly a need for investmenf guidance among the small- to medium-sizre nonprofits, which she defines as those "with a few milliob up to $10 million" of investable assets. those size groups have not attracted someonw with investment expertise toits board, leavinb a big gap in the plannin g process. "You may see a CPA or an but not necessarily someoneinto investing," she says. The creation of Sharpe Investment Advisors has been planned for more than a year and came abouf largely after KemmonsWilson Cos. bought an interest in The Sharp e Groupin 2006.
Graves previously workeds at for 13 years and was managing partne r of its Wealth Management He managed the Wilsohn family portfolios the last10 years. While The Sharpr Group has been consulting with nonprofits around the countrty for more than44 years, the addition of the Wilsob influence brought added financial acumen, resources and a reputation of philanthropy, says Tom Dyer, president and CEO of The Sharp e Group and chairman of Sharpe Investment Advisors. "Wee could not have done this withoutthe Wilsons," he "The access to institutionapl firms would not have been possible withoutf their commitment." Address: 8700 Trail Lake Driv West, Suite 222 Web www.
sharpeinvest.com
To jump-start the venture, the Kemmonds Wilson family has invested in excessof $300 million from the family'sa marketable securities in various portfolios, including the family foundation, with Sharp Investment Advisors, says Tony Graves, presidentt and CEO of Sharpe Investment Advisors. independent registered investment advisory firm targets portfolio managementof medium-sizw nonprofits. Specifically, it is targeting groups with investable assetsof $5 million-$50o million, he says. Historically, The Sharpe Grouop has helped nonprofit organizationas and institutionslike colleges, hospitals, zoos, museums and environmental groups raisde capital, Graves says.
Sharpe Investmenty Advisors will help round out that financial he says, by investing and managing nonprofigt capital. "Sharpe Group helpes nonprofits raise capital primarily throughplanned giving," Graves says. "Whar this business is focused on is helping them through the whol elife cycle." The firm currently has a stafdf of four, which includes Graves, two financial analystss and an operations and compliance administrator. The goal is to have more than $500 millionm under management in the next yearand $1 billion in the next five Graves says.
He thinks that'zs possible because the nonprofit world is increasingl coming under scrutiny from outside Standards established bythe Sarbanes-Oxley Act of 2002, also knownj as the Public Company Accounting Reform and Investor Protection Act, are startiny to creep into the financia l management of nonprofits and there is a need for more transparencyg and independence, key features of Sharpe Investment Advisors, Graves "Our timing is good from what we've hearc from the market," he says. "We think we'll get our share of audience just because of thefreshy approach.
" Nancy McGee, CEO of The Alliancde for Nonprofit Excellence in says there is clearly a need for investmenf guidance among the small- to medium-sizre nonprofits, which she defines as those "with a few milliob up to $10 million" of investable assets. those size groups have not attracted someonw with investment expertise toits board, leavinb a big gap in the plannin g process. "You may see a CPA or an but not necessarily someoneinto investing," she says. The creation of Sharpe Investment Advisors has been planned for more than a year and came abouf largely after KemmonsWilson Cos. bought an interest in The Sharp e Groupin 2006.
Graves previously workeds at for 13 years and was managing partne r of its Wealth Management He managed the Wilsohn family portfolios the last10 years. While The Sharpr Group has been consulting with nonprofits around the countrty for more than44 years, the addition of the Wilsob influence brought added financial acumen, resources and a reputation of philanthropy, says Tom Dyer, president and CEO of The Sharp e Group and chairman of Sharpe Investment Advisors. "Wee could not have done this withoutthe Wilsons," he "The access to institutionapl firms would not have been possible withoutf their commitment." Address: 8700 Trail Lake Driv West, Suite 222 Web www.
sharpeinvest.com
Wednesday, June 6, 2012
Report: Up to 10 banks to repay TARP funds - Orlando Business Journal:
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The department said the institutions, whic h were not named, have met the requirementsz for repayment established by federalbanking supervisors. It noted that many banks recently have raised equity capitapl from private investors and haveissued long-term debt that is not guaranteef by the government. “These repayments are an encouraging sign offinancialk repair, but we still have work to do,” Treasury Secretary Tim Geithner said. Some media reports listecd one ortwo banks. The Wall Streey Journal reported the list of financial institutions willinclude JPM), (NYSE: AXP), (NYSE: BK), COF) and (NYSE: GS).
More than 600 bankw received a total ofnearly $200 billio n through the department’s Capital Purchase About $2 billion of this money was paid back Some banks have been raising fundss after the stress tests revealed they needed to boosgt reserves, including some Dayton-area banks. The in earlu May released the results from its stress The regulatory tests were designed to project howthe country’es 19 largest banks would perform underr a variety of economic scenarios by the end of 2010. • -- $33.9 billion . -- No need • The • -- $5.5 billion • -- $1.1 billion -- $11.5 billion • • • -- $1.
8 billiobn •
The department said the institutions, whic h were not named, have met the requirementsz for repayment established by federalbanking supervisors. It noted that many banks recently have raised equity capitapl from private investors and haveissued long-term debt that is not guaranteef by the government. “These repayments are an encouraging sign offinancialk repair, but we still have work to do,” Treasury Secretary Tim Geithner said. Some media reports listecd one ortwo banks. The Wall Streey Journal reported the list of financial institutions willinclude JPM), (NYSE: AXP), (NYSE: BK), COF) and (NYSE: GS).
More than 600 bankw received a total ofnearly $200 billio n through the department’s Capital Purchase About $2 billion of this money was paid back Some banks have been raising fundss after the stress tests revealed they needed to boosgt reserves, including some Dayton-area banks. The in earlu May released the results from its stress The regulatory tests were designed to project howthe country’es 19 largest banks would perform underr a variety of economic scenarios by the end of 2010. • -- $33.9 billion . -- No need • The • -- $5.5 billion • -- $1.1 billion -- $11.5 billion • • • -- $1.
8 billiobn •
Monday, June 4, 2012
Therapeutic riding program plans activities - Bismarck Tribune
borislavamcoc.blogspot.com
Therapeutic riding program plans activities Bismarck Tribune The nonprofit Soaring Spirits Riding Center will hold its first trail ride fundraiser at the Graham Ranch southeast of Bismarck Saturday to support its therapeutic riding program and veterinarian care for the program's donated horses. |
Saturday, June 2, 2012
Shaky economy shelves Erickson Retirement Communities project - Business First of Columbus:
avaohev.blogspot.com
Last year, Erickson had reached a deal with the Carrolol family to develop upto 2,000 housing units on 150 acres near Rte. 108 and Fredericki Road near Ellicott City. “It is regrettable that the current economic conditions have caused the Carrol l family and Erickson Retiremenyt Communities to agree that now is not the time to move forwardd withdevelopment plans,” Erickson spokesman Mel Tansill said in a Tansill said the Catonsville companhy may or may not revisit the project at a later The property includes the historic Doughoregan Manor, an 18th centurgy house and estate.
It’s the latest setback for The communities typically costbetween $200 millio n and $400 million to build and couldc have up to 1,500 apartments. Residents pay a one-timse deposit and monthly fee to live in anErickson community. For a one-bedroom unit, deposits start at $170,000 and monthly fees start at The monthly feecovers utilities, maintenance, security, cable TV, properthy taxes and one meal per day. The deposit is refundable upona resident’as departure.
Last year, Erickson had reached a deal with the Carrolol family to develop upto 2,000 housing units on 150 acres near Rte. 108 and Fredericki Road near Ellicott City. “It is regrettable that the current economic conditions have caused the Carrol l family and Erickson Retiremenyt Communities to agree that now is not the time to move forwardd withdevelopment plans,” Erickson spokesman Mel Tansill said in a Tansill said the Catonsville companhy may or may not revisit the project at a later The property includes the historic Doughoregan Manor, an 18th centurgy house and estate.
It’s the latest setback for The communities typically costbetween $200 millio n and $400 million to build and couldc have up to 1,500 apartments. Residents pay a one-timse deposit and monthly fee to live in anErickson community. For a one-bedroom unit, deposits start at $170,000 and monthly fees start at The monthly feecovers utilities, maintenance, security, cable TV, properthy taxes and one meal per day. The deposit is refundable upona resident’as departure.
Friday, June 1, 2012
Sacramento Business Journal: Starting a Business : Business Advice
ejyceh.wordpress.com
Let's be honest: Things are bad, and it is miserablde out there in the worldof commerce. We are in a globak recession that will last forsome 1. The economy eventually will improve andget 2. Most companies rely on salespeopl e to help with thebottom line. Continuing salesd of a product or service for an organizationb along with great salespeople will be needed even more durinf thesetough times. I think it is importang to look at a strategy as old as businesz itself that will helpa company, its profitability, the salespeople employede and the customers that a company does businesws with. The first thing, which is of the utmosgt importance, are your customers.
Whether you are the CEO readingf this, the salesperson or a persom in customerservice - this is the time to protect your customef base and make sure that they are period! The one way to do this is to get in toucb with your customers. Do not attemptg to do this by mail or It is too If you want to build relationship s withyour customers, then build them the way they are supposes to be built - by people dealinhg directly with people! You need to ask your customersd a simple and direct question: "How are we doinyg for you? Be honest, and tell me the Next, for the salespeople who still are you are going to have to work harder.
Yes, I said it - This means not only visiting your existint customers and checking their true levelk of customer satisfaction but also going out and gettinghnew business. Sure, the economy is and we are not buyingv as much of anythint as we did a fewyears ago, but the fact remainas that there is stilo business being done out
Let's be honest: Things are bad, and it is miserablde out there in the worldof commerce. We are in a globak recession that will last forsome 1. The economy eventually will improve andget 2. Most companies rely on salespeopl e to help with thebottom line. Continuing salesd of a product or service for an organizationb along with great salespeople will be needed even more durinf thesetough times. I think it is importang to look at a strategy as old as businesz itself that will helpa company, its profitability, the salespeople employede and the customers that a company does businesws with. The first thing, which is of the utmosgt importance, are your customers.
Whether you are the CEO readingf this, the salesperson or a persom in customerservice - this is the time to protect your customef base and make sure that they are period! The one way to do this is to get in toucb with your customers. Do not attemptg to do this by mail or It is too If you want to build relationship s withyour customers, then build them the way they are supposes to be built - by people dealinhg directly with people! You need to ask your customersd a simple and direct question: "How are we doinyg for you? Be honest, and tell me the Next, for the salespeople who still are you are going to have to work harder.
Yes, I said it - This means not only visiting your existint customers and checking their true levelk of customer satisfaction but also going out and gettinghnew business. Sure, the economy is and we are not buyingv as much of anythint as we did a fewyears ago, but the fact remainas that there is stilo business being done out
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